China's tire industry is once again subject to high "double anti-tax" taxes. According to reports, the US International Trade Commission ruled that passenger car and light truck tires imported from China caused substantial damage to U.S. industry. According to U.S. orders, anti-dumping actions must be jointly determined by the Ministry of Commerce and the International Trade Commission. As the U.S. Department of Commerce has previously ruled that China’s exports of these tires to the U.S. have dumping and subsidy, the International Trade Commission’s latest ruling means that U.S. will formally Taxes on such products.
On June 12, 2015, the US Department of Commerce finalized the dumping and subsidy of Chinese-made tires. The relevant Chinese manufacturers will be subject to anti-dumping duties of 14.35% to 87.99% and anti-subsidy taxes of 20.73% to 100.77%. The Ministry of Commerce of the People's Republic of China raised objections after the results were released, and held that the U.S. move violated the multilateral trade rules of the World Trade Organization and adopted many unfair and discriminatory practices in the investigation process. However, the Chinese protests failed to change the U.S. "double reverse" investigation. result.
According to statistics, China has been the world’s country with the most anti-dumping and anti-subsidy investigations in the world for 19 consecutive years. In 2014 alone, it received 97 anti-dumping and countervailing investigations. Among them, China’s tire companies have become the focus of “double counter†investigations. The United States had imposed punitive tariffs on Chinese passenger cars and light truck tires from September 11th, 2009 to September 26th, 2012. The % increase is 35% for the first year, 30% for the second year, and 25% for the third year.
Even more noteworthy is that as China's tire export volume increases, more and more exporting countries, and countries that have taken "double countermeasures" against Chinese tires have not only been confined to developed countries in Europe and America, many Asian-African states have also begun to Join this rank. On July 6, South African tire manufacturers held a discussion meeting to openly condemn the proliferation of cheap imported tire products, especially products from China, and expect to submit an application for anti-dumping investigation of Chinese tires to the South African International Trade Commission before September this year.
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